Any one else shorting the nice downward trend line on XLE? Seems the stocks aren't following oil prices down with the same velocity. Seems weird as the earnings are going to be extra bad for energy companies this first quarter.
Al_Dente wrote:10 day % straight no juice
some sectors plus junk bonds (lime dots)
Oil had been holding up SPY, and junk had been holding up IWM
As we lose these, does SPY have any reason to live?
Well, health (orange) is going bonkers and QQQ (black) is trying to hold steady,
so, as they say in real estate: rotation, rotation, rotation...
looks like a breakdown is more likely. the problem is no time left today.
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champix wrote:I am not really convinced by my short signal.
This is ES future (continuous) on a daily basis. I think I will not play the short side currently.
champix wrote:I am not really convinced by my short signal.
This is ES future (continuous) on a daily basis. I think I will not play the short side currently.
gonna play a short..
holding early shorts from this am overnight. possible 10 point gap down SPX .. crazy talk.. messy H&S target ..fwiw.. "IF" it goes..
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champix wrote:I am not really convinced by my short signal.
This is ES future (continuous) on a daily basis. I think I will not play the short side currently.
gonna play a short..
holding early shorts from this am overnight. possible 10 point gap down SPX .. crazy talk.. messy H&S target ..fwiw.. "IF" it goes..
Really strange, but Miyagi's pbar would be 2065.25 on ES, that is exactely a 5 min gap we have since this morning on ES.
Coincidence ? well...
FI, there is a gap lower @ 2052 on ES.